Which returned more over the last year, FMHI or HIMU?

In the year to Oct 28, 2026, with distributions reinvested, FMHI returned −0.1% and HIMU +0.1%.

Which is cheaper, FMHI or HIMU?

HIMU is cheaper, by 0.31 percentage points a year. That is about $31 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

FMHI vs HIMU: Differences, Returns & Fees

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On Jul 31, 2026 FMHI's duration was 7.9 years and HIMU's 10.1; HIMU charges 0.39% to FMHI's 0.70%.

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Net assets on Oct 27, 2026: $1.0bn for First Trust Municipal High Income ETF and $2.7bn for iShares High Yield Muni Active ETF.

FMHI on its own →HIMU on its own →

At a glance

−0.1%

FMHI total return, 1 year

+0.1%

HIMU total return, 1 year

0.70%

FMHI expense ratio

0.39%

HIMU expense ratio

Pair scorecard

HIMU costs 0.31 points a year less; their one-year returns differ by 0.2 points; HIMU is 2.7 times larger.

FMHI vs HIMU: Differences, Returns & Fees
Measure	FMHI	HIMU
Return
Measure	FMHI	HIMU
Total return, 1 year	−0.1%	+0.1%
Drawdown
Measure	FMHI	HIMU
Below its high	4.0%, high on Jul 2, 2026	4.2%, high on Jul 6, 2026
Benchmark
Measure	FMHI	HIMU
What it tracks	No index, actively managed	No index, actively managed
Cost and size
Measure	FMHI	HIMU
Expense ratio	0.70%	0.39%
Net assets, as of Oct 27, 2026	$1.0bn	$2.7bn
Holdings
Measure	FMHI	HIMU
Holdings in common	5%

Holdings in common uses holdings dated Jul 31, 2026. Method

Risk and return

Feb 21, 2025 to Oct 23, 2026 · 87 weekly returns

FMHI HIMU

Return

Total return edge FMHI +1.4% +1.2%

Annualized edge FMHI +0.8% +0.7%

Price return edge FMHI −5.7% −7.0%

Risk

Volatility edge FMHI 5.8% 7.8%

Max drawdown edge FMHI −6.8% −8.0%

Risk-adjusted

Sharpe edge HIMU −0.51 −0.38

Sortino edge HIMU −0.60 −0.47

Calmar edge FMHI 0.12 0.09

Reading

FMHI returned more: +1.4% to +1.2%. FMHI swung less: 5.8% to 7.8%. FMHI fell less at its worst: −6.8% to −8.0%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: FMHI vs HIMU: Differences, Returns & Fees
Measure	FMHI	HIMU	Edge	How it is measured
Return
Total return	+1.4%	+1.2%	FMHI	Price change plus distributions, reinvested.
Annualized	+0.8%	+0.7%	FMHI	Total return as a yearly rate.
Price return	−5.7%	−7.0%	FMHI	Price change alone, distributions left out.
Risk
Volatility	5.8%	7.8%	FMHI	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	5.0%	6.3%	FMHI	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−6.8%	−8.0%	FMHI	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	−0.51	−0.38	HIMU	Return above Treasury bills per unit of volatility.
Sortino	−0.60	−0.47	HIMU	Return above Treasury bills per unit of downside deviation.
Calmar	0.12	0.09	FMHI	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 87 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

By the books each fund has filed, FMHI and HIMU hold 5% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026.

50%

0 half 100%

half

5% in common

Positions both hold · largest shared weight first FMHI HIMU

OH BUCGEN 5 06/01/2055, due Jun 1, 2055 0.32% 0.49%

OK OKSDEV 7.25 09/01/2051, due Sep 1, 2051 0.24% 0.58%

AR ARSDEV 7 07/01/2048, due Jul 1, 2048 0.22% 0.23%

AL BLWPOL 03/01/2056, due Mar 1, 2056 0.20% 0.19%

FL LKRGEN 6 05/01/2056, due May 1, 2056 0.18% 0.20%

PA GEIMED 4 02/15/2047, due Feb 15, 2047 0.16% 0.51%

TX HOUAPT 4 07/01/2041, due Jul 1, 2041 0.13% 0.14%

PA PASDEV 12/01/2037, due Dec 1, 2037 0.18% 0.13%

UT BLDFAC 4 03/01/2051, due Mar 1, 2051 0.12% 0.13%

AL BBEUTL 5 01/01/2034, due Jan 1, 2034 0.21% 0.12%

NH NFAGEN 0 12/15/2033, due Dec 15, 2033 0.12% 0.28%

FL VOLEDU 5.25 06/01/2049, due Jun 1, 2049 0.14% 0.11%

Only in one fund ↓

Only in FMHI

PR PRCUTL 5 07/01/2047, due Jul 1, 2047 0.58%

IL CHITRN 5.5 01/01/2048, due Jan 1, 2048 0.58%

PR PRCGEN 4.33 07/01/2040, due Jul 1, 2040 0.58%

AL MOBPOL 4.75 12/01/2054, due Dec 1, 2054 0.56%

AL MOBPOL 06/01/2034, due Jun 1, 2034 0.50%

NY NYCUTL 06/15/2041, due Jun 15, 2041 0.47%

MO STLDEV 5 09/01/2048, due Sep 1, 2048 0.44%

ID SPVGEN 6.25 09/01/2053, due Sep 1, 2053 0.41%

Only in HIMU

PUERTO RICO CMWLTH, due Nov 1, 2051 2.74%

CALIFORNIA ST INFRASTRUCTURE & ECON DEV BANK REVENUE, due Jan 1, 2065 1.53%

PUERTO RICO CMWLTH, due Nov 1, 2051 1.41%

GOLDEN ST TOBACCO SECURITIZATION CORP CA TOBACCO SETTLEMENT, due Jun 1, 2066 1.40%

PORT BEAUMONT TX NAV DIST DOCK& WHARF FAC REVENUE, due Jan 1, 2050 1.00%

NEW YORK ST THRUWAY AUTH PERSONAL INCOME TAX REVENUE, due Mar 15, 2059 0.86%

PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE, due Jul 1, 2058 0.85%

PENNSYLVANIA ST HSG FIN AGY SF MTGE REVENUE, due Oct 1, 2050 0.84%

Check overlap with more funds →

Side by side

FMHI First Trust Municipal High Income ETF HIMU iShares High Yield Muni Active ETF

Where it sits Bond ETF Bond ETF

Issuer First Trust iShares

What it is Actively managed Actively managed

Total return, 1 year −0.1% +0.1%

Expense ratio 0.70% 0.39%

Holdings 766 1009

Net assets, as of Oct 27, 2026 $1.0bn $2.7bn

FMHI and HIMU on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Client brief · page 1 of 2 Report BR-BB24C3BD6D

FMHI and HIMU are built for the same job. How do they differ in cost, holdings and results?

Holdings in common. 5% of the weight is in the same securities (holdings dated Jul 31, 2026).
Cost. FMHI charges 0.70% of assets a year and HIMU 0.39%, a gap of 0.31 points.
What each follows (similar). Both follow No index, actively managed.

Data as of Oct 28, 2026.

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About each fund

FMHI

FMHI is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned −0.1% with distributions reinvested. The prospectus expense ratio is 0.70% a year. It sat 4.0% below its high of Jul 2, 2026 on Oct 28, 2026.

HIMU

HIMU is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned +0.1% with distributions reinvested. The prospectus expense ratio is 0.39% a year. It sat 4.2% below its high of Jul 6, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, FMHI or HIMU?: In the year to Oct 28, 2026, with distributions reinvested, FMHI returned −0.1% and HIMU +0.1%.
Which is cheaper, FMHI or HIMU?: HIMU is cheaper, by 0.31 percentage points a year. That is about $31 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

FMHI vs HYMB FMHI vs HYD CGHM vs FMHI HIMU vs HYMB HIMU vs HYD CGHM vs HIMU

Where to next

FMHI on its own →HIMU on its own →Hold both: look the portfolio through →Rankings →FMHI dividend history →FMHI holdings →HIMU dividend history →HIMU holdings →Standards and sources →

Sources and dates

FMHI filings on SEC EDGAR ↗

FMHI prospectus with the expense ratio (SEC) ↗

First Trust page for FMHI ↗

HIMU filings on SEC EDGAR ↗

HIMU prospectus with the expense ratio (SEC) ↗

iShares page for HIMU ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Cite this pageCitation, APA and Markdown

ETFIQ, FMHI against HIMU, data as of Oct 28, 2026. https://etfiq.com/compare/any/fmhi-vs-himu

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.